Anti-monopoly law adopted
the Anti-Monopoly Law passed by the Standing Committee of the National People's Congress (NPC) on August 30, will come into effect on Aug. 1, 2008.
"As well as anti-monopoly checks stipulated by this law, foreign mergers with acquisitions of domestic companies or foreign capital investing in domestic companies' operations in other forms should go through national security checks according to relevant laws and regulations if the cases are related to the issue," it reads.
Regulations on credit appraisal issued
On August 24, the “Regulations” passed by the China Securities Regulatory Commission (CSRC) on August 24, will take effect on September 1.
the calculate standards of net capital for securities companies amended
On August 27, the CSRC issued the “Circular”. The deduction rates of stock investment and “other equity investment” when calculate net capital are all increased.
September 12, 2007 10：53AM. Released by http://www.esnai.com/
Note:
“China Accounting News Weekly” is established on August 5, 2005. It selects important accounting news weekly to convenient the people can acknowledge the developments quickly. From its launching, thousands of people read it every week.
In order to promote the development of China accounting industry to English readers, we make this English edition on March 23, 2007
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